Enhancing Digital Security with Dynamic Card Numbers in Alliance Bank's Virtual Credit Card

Alliance Bank Malaysia Berhad “Alliance Bank” or “the Bank” is committed to enhancing digital security for its customers through the introduction of dynamic card numbers in its Alliance Bank Visa Virtual Credit Card, partnering with key entities including Visa Malaysia, CTOS Digital Berhad, Jirnexu RinggitPlus, YTL Communications YES and Touch ‘N’ Go Digital TNG Digital.

This innovative feature generates a unique 16-digit credit card number for each transaction to facilitate purchases online in various categories such as e-commerce, streaming services, and subscriptions. The Bank's Acceler8 strategy accelerate digital transformation and provide customers with faster, solutions.

By utilizing dynamic card numbers, Alliance Bank significantly reduces the risk of data breaches, identity theft, and other financial frauds associated with credit cards. This environmentally frily approach decreases the production of plastic cards while minimizing footprint on online transactions.

Customers can now easily select a dedicated Dynamic Card Number along with the number of times it can be used for each subscription service, allowing them to conveniently manage their digital payments across multiple devices using mobile phones.

We are committed to meeting our customers' evolving banking needs and enhancing the digital payment experience, sd Ms. Gan P Li, Group Chief Consumer Banking Officer at Alliance Bank. Our partnership with Visa underscores our shared goal of empowering customers through secure and efficient financial services.

Visa's Country Manager for Malaysia, Mr. Ng Kong Boon echoed this sentiment by highlighting that the dynamic card number solution aligns with the company's commitment to ensure customer confidence when making digital payments online.

Moreover, TNG Digital's CEO, Mr. Alan Ni, shared that the virtual credit card complements TNG Digital's focus on becoming a secure e-wallet provider in line with Bank Negara Malaysia standards.

With an alarming increase of data breaches 154 per 100 people in Malaysia as reported by Surfshark in 2022, this introduction addresses customer concerns about secure payment methods for goods and services, particularly among young professionals.

The streamlined online application process facilitates easy submission of supporting documents such as EPF statements or salary slips for successful applicants, notified via push notifications.

To explore the Alliance Bank Visa Virtual Credit Card and discover its suite of products and services further, please visit https:www.alliancebank.com.mycardspersonalcredit-cardsvirtual-platinum-credit-card.aspx.

Note: Alliance Bank Malaysia Berhad offers a range of banking solutions including consumer, SME, corporate, commercial banking, Islamic banking, and stockbroking through various delivery channels like retl branches, Privilege Banking Centres, Business Centres, Investment Bank outlets, mobile banking, and Internet banking.

: This content is provided for informational purposes only and should not be used as professional financial advice.
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